Intapp, Inc. (NASDAQ:INTA – Get Free Report) insider Thad Jampol sold 2,968 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $41.80, for a total value of $124,062.40. Following the sale, the insider owned 879,434 shares in the company, valued at $36,760,341.20. The trade was a 0.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Thad Jampol also recently made the following trade(s):
- On Wednesday, August 20th, Thad Jampol sold 6,184 shares of Intapp stock. The shares were sold at an average price of $42.06, for a total value of $260,099.04.
Intapp Price Performance
INTA opened at $47.42 on Thursday. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of -197.58, a price-to-earnings-growth ratio of 19.19 and a beta of 0.73. Intapp, Inc. has a 1-year low of $35.51 and a 1-year high of $77.74. The business has a 50 day moving average price of $44.23 and a two-hundred day moving average price of $53.55.
Intapp announced that its Board of Directors has approved a share repurchase plan on Tuesday, August 12th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to reacquire up to 5.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the company. Citigroup cut their price objective on Intapp from $66.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, July 16th. Barclays increased their price objective on Intapp from $44.00 to $47.00 and gave the company an “underweight” rating in a research report on Wednesday, August 13th. Stifel Nicolaus reduced their target price on Intapp from $65.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, July 8th. UBS Group reduced their target price on Intapp from $83.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Finally, Wall Street Zen lowered Intapp from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 21st. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $60.63.
Read Our Latest Research Report on INTA
Institutional Trading of Intapp
Several hedge funds and other institutional investors have recently modified their holdings of INTA. REAP Financial Group LLC raised its holdings in shares of Intapp by 218.5% during the second quarter. REAP Financial Group LLC now owns 481 shares of the company’s stock worth $25,000 after acquiring an additional 330 shares in the last quarter. Farther Finance Advisors LLC increased its position in Intapp by 74.2% during the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company’s stock worth $31,000 after buying an additional 224 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Intapp during the second quarter worth $31,000. Caitong International Asset Management Co. Ltd increased its position in Intapp by 356.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 643 shares of the company’s stock worth $33,000 after buying an additional 502 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Intapp during the first quarter worth $36,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.
Intapp Company Profile
Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.
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